SentinelOne (NYSE:S) Lowered to Hold Rating by Piper Sandler

SentinelOne (NYSE:S) was downgraded by equities researchers at Piper Sandler from a “strong-buy” rating to a “hold” rating in a research report issued on Sunday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on S. JMP Securities set a $23.00 price target on SentinelOne in a research report on Friday, December 5th. Bank of America decreased their price objective on SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Canaccord Genuity Group cut their target price on SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Oppenheimer lowered their price objective on shares of SentinelOne from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Finally, Berenberg Bank began coverage on shares of SentinelOne in a report on Tuesday, November 18th. They set a “buy” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

SentinelOne Trading Up 1.3%

Shares of S opened at $14.83 on Friday. The stock has a 50-day moving average price of $15.85 and a 200-day moving average price of $17.14. The company has a market cap of $5.04 billion, a PE ratio of -11.87 and a beta of 0.77. SentinelOne has a 12-month low of $14.43 and a 12-month high of $25.24.

SentinelOne (NYSE:S) last announced its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The business had revenue of $258.91 million during the quarter, compared to analyst estimates of $256.19 million. During the same period in the previous year, the business posted ($0.25) earnings per share. SentinelOne’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, analysts predict that SentinelOne will post -0.76 earnings per share for the current year.

Insider Activity

In related news, CEO Tomer Weingarten sold 125,429 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.09, for a total transaction of $1,892,723.61. Following the transaction, the chief executive officer owned 1,093,108 shares in the company, valued at $16,494,999.72. The trade was a 10.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark S. Peek purchased 40,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were acquired at an average cost of $14.89 per share, with a total value of $595,600.00. Following the transaction, the director directly owned 120,000 shares in the company, valued at $1,786,800. The trade was a 50.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 280,380 shares of company stock worth $4,340,705 in the last quarter. Insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP raised its holdings in SentinelOne by 102.4% in the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after purchasing an additional 726 shares in the last quarter. Strategic Advocates LLC purchased a new position in shares of SentinelOne during the third quarter valued at about $26,000. Danske Bank A S bought a new position in SentinelOne in the third quarter worth about $26,000. Atlantic Union Bankshares Corp purchased a new stake in SentinelOne in the second quarter worth about $29,000. Finally, MAI Capital Management grew its holdings in shares of SentinelOne by 121.2% during the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock worth $32,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.